22/06/2021 - 07:01

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22/06/2021 - 07:01

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Miners aim for 30,000 workers from overseas

Resources industry giants have started lobbying the Morrison government for a special visa that will allow them to bring tens of thousands of overseas workers into Western Australia, as happened during the state’s last mining boom. The Fin

Canberra blocks giant WA green energy export plan

The federal government has blocked one of the country’s flagship green energy export projects due to a ‘‘clearly unacceptable’’ impact on the environment, triggering fresh accusations it is obstructing the transition to clean energy. The Fin

Climate war: Joyce vetoes PM

The Morrison government’s climate policy has been plunged into uncertainty after Barnaby Joyce’s comeback as Nationals leader and deputy prime minister ended any prospect of a Coalition commitment to net zero carbon emissions by 2050. The Fin

Staff shortages put bumper harvest at risk

WA’s peak agriculture body wants 1000 trained heavy machinery operators to be allowed to come into WA within the next three months ahead of the annual grain harvest, warning the critical labour shortage puts the sector at risk of market failure. The West

WA leader lashes out at change

The leader of The Nationals in Western Australia says she is disappointed to see Barnaby Joyce return as leader of the federal arm of the party and to the role of deputy prime minister. The Aus

Stokes says Boral rushed ‘lowball’ sale

The Kerry Stokes-controlled Seven Group has accused Boral of rushing a United States sale process as ill-will escalates between Boral’s largest shareholder and the building products company that rejected a lowball takeover offer from Seven. The Fin

CBA in search of 650 engineers

Commonwealth Bank of Australia is kicking off a big push to hire hundreds of top-level software engineers as part of a strategy to operate more like leading global tech companies and accelerate internal and customer-facing digital transformation. The Fin

OnlyFans, Afterpay soar during lockdowns

An anonymised analysis of 40,000 university students’ debit card statements shows how dramatic Covid’s impact has been on spending patterns across Australia, with “buy now, pay later” services such as Afterpay, and adult sites such as OnlyFans, skyrocketing. The Aus

Ex-gas boss wants Weld vote

Recently departed Woodside chief executive Peter Coleman will spearhead a push to open The Weld Club to women, arguing his stance is “consistent with a number of other members”. The West

 

 

The Australian Financial Review

Page 1: The Morrison government’s climate policy has been plunged into uncertainty after Barnaby Joyce’s comeback as Nationals leader and deputy prime minister ended any prospect of a Coalition commitment to net zero carbon emissions by 2050.

Page 2: Papua New Guinea lost $US432 million ($576 million) in just 3 1/2 years on a loan arranged by the Sydney office of UBS, far more than earlier estimates, a royal commission into the ill-fated deal heard yesterday.

Page 5: The resurrection of Barnaby Joyce to deputy prime minister and his opposition to Australia signing on to net zero carbon emissions by 2050 risks mining and farming exports being hit by European carbon tariffs, international climate change experts warn.

Page 6: Crown Resorts executive chairman Helen Coonan knew the casino giant may owe a multimillion-dollar tax bill to the Victorian government, the royal commission into Crown Melbourne heard yesterday.

Page 7: Social distancing, density rules, QR check-ins and the COVIDSafe app need to be reassessed and strengthened after NSW and Victoria found evidence of ‘‘fleeting’’ infection, with experts calling for greater focus on ensuring air ventilation and a more cautious approach to the highly infectious delta variant.

Page 12: The Kerry Stokes-controlled Seven Group has accused Boral of rushing a United States sale process as ill-will escalates between Boral’s largest shareholder and the building products company that rejected a lowball takeover offer from Seven.

The federal government has blocked one of the country’s flagship green energy export projects due to a ‘‘clearly unacceptable’’ impact on the environment, triggering fresh accusations it is obstructing the transition to clean energy.

Page 15: The number of Generation Z investors seeking out professional advice from financial planners or stockbrokers has tripled, and the number of Millennial clients has doubled, despite a 30 per cent rise in advice fees.

Page 17: Australia’s financial intelligence regulator may be headed for additional scrutiny with a motion to refer its performance and the money laundering regime to an inquiry to be heard by the Senate tomorrow.

Page 19: Commonwealth Bank of Australia is kicking off a big push to hire hundreds of top-level software engineers as part of a strategy to operate more like leading global tech companies and accelerate internal and customer-facing digital transformation.

 

 

The Australian

Page 2: Australia’s first ever national framework for suicide prevention in the workplace aims to equip managers with the skills to recognise when colleagues are in distress, while building the confidence of organisations to have conversations at work about suicide.

Page 3: One of the country’s most powerful music executives, Sony Music Australia chairman Denis Handlin, has been abruptly removed from the record label where he has worked for five decades.

Page 4: The leader of The Nationals in Western Australia says she is disappointed to see Barnaby Joyce return as leader of the federal arm of the party and to the role of deputy prime minister.

Page 6: Tourism and business groups are urging Scott Morrison to provide more clarity on the reopening of the nation’s international border, as the Prime Minister treads carefully on when Australians will be able to travel overseas again.

The head of the International Air Transport Association has slammed “repressive restrictions” on Australians in the pandemic and warned acceptance could soon turn to anger the longer borders remained closed.

Page 13: An Endeavour Group unshackled from Woolworths will aggressively hunt for pub acquisitions in the face of competition from big names like Justin Hemmes and the Laundy family, according to billionaire major shareholder Bruce Mathieson.

Page 14: Bain Capital is believed to be closing in on a refinancing deal for InfraBuild, but it is interesting to note some of the other parties that have been in talks with the Sanjeev Gupta-controlled business.

Page 15: An anonymised analysis of 40,000 university students’ debit card statements shows how dramatic Covid’s impact has been on spending patterns across Australia, with “buy now, pay later” services such as Afterpay, and adult sites such as OnlyFans, skyrocketing.

Page 16: The risk of looming skills shortages in the mining industry has made the issue one of the top concerns and risks facing the industry in 2021, according to global accounting and consulting firm KPMG, but the risk of the price boom suddenly ending preoccupies the sector’s most senior executives.

 

 

The West Australian

Page 3: Public transport use has plummeted in Perth, with only 53 per cent of regular users reporting that Transperth buses are reliable.

Page 7: Recently departed Woodside chief executive Peter Coleman will spearhead a push to open The Weld Club to women, arguing his stance is “consistent with a number of other members”.

Page 8: Premier Mark McGowan has joined Scott Morrison in calling for the speedy passage of legislation that would reduce environmental red tape on major mining and infrastructure projects.

Page 9: Landlords have not price-gouged amid the State’s worst ever rental vacancy rate, with house leases remaining cheaper in all bar three suburbs than they were in their previous peak.

Page 11: The number of people failing the Australian citizenship test has rocketed nearly 20 per cent after the addition of new “Australian values” questions.

Page 12: A Fitbit-style gadget designed to automatically check patients’ vital signs could be rolled out in WA emergency departments within months to help with the State’s crippling nurse shortage.

Business: Bankruptcy trustees have asked the Federal Court to reverse luxury East Perth apartment transfers made by a Perth racing enthusiast and his wife a month after they lost a $4 million-plus legal battle.

The Federal corporate watchdog and Clive Palmer’s Mineralogy are to face off in the Federal Court today in what could be a warm-up bout for their main battle over 2013 payments.

WA’s peak agriculture body wants 1000 trained heavy machinery operators to be allowed to come into WA within the next three months ahead of the annual grain harvest, warning the critical labour shortage puts the sector at risk of market failure.

Chevron Australia’s management has admitted it has room for improvement after a worrying staff survey found that many of its WA workforce are sceptical of its commitment to cleaner energy and frustrated at company red tape.

WA unions have blasted the mining industry’s “lazy” approach to combating skills shortages, claiming the sector’s bid for international workers was a “cheap and easy” option.

The results from Perth-listed company Orthocell’s first human clinical trial found three-quarters of quadriplegic patients regained muscle control in their arms.

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